News and articles
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The real estate market in Turkey is characterized by active growth and a comfortable investment climate. Local property offers attract investors from around the world. Our experts have prepared an article on the investment benefits of Turkish real estate, how to invest in local housing and the reasons why local properties are so popular among...
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A new edition of the Turkish Property Law was established on August 1, 2012. According to this new edition, the reciprocity principle that allowed foreigners to buy property in Turkey only if Turks could buy property in their countries was canceled. Citizens from 183 countries can buy properties in Turkey. Now foreigners-individuals are allowed to...
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When you buy a property in Turkey, you become an owner of your own piece of paradise in the country which is famous for its sunny weather, white sandy beaches, pine forests and breathtaking views of the mountains. It is known that Turkey is very friendly towards foreigners who are willing to buy a property there and it offers a great...
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Ask which Turkish drinks people know and the answer is usually the same: coffee and tea. There is a great deal more to it than that, and the non-alcoholic half of a Turkish bar has no real equivalent anywhere else. Here are the drinks locals and visitors alike come back to, along with what to say when ordering them. Content: Turkish...
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Turkey has become one of the most popular destinations for tourists and expats from all over the world. Every year more than two million tourists from the UK alone visit Turkey. So, let's look what you should know before going to this country. ENTRY REQUIREMENTS IN TURKEY Citizens of the majority European countries, including the UK, the...
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A foreigner can get a residence permit if they are married to a Turkish resident or one of their family members has a property in Turkey. As a rule, if one family member gets a residence permit, the rest of the family can also apply for a residence permit: the spouse, children under 18 years old. Other relatives may also obtain a residence permit,...
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When choosing a country for buying a property, you should also consider the size of tax fees and how the tax system works for foreign property owners. Turkey offers a much friendlier tax policy than many other countries and is a good choice for foreigners who are thinking of investing in overseas property. PROPERTY TAXES In Turkey, foreign and...
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When buying real estate in Turkey, it is important to consider not only its overall cost, but the price of its future maintenance as well. Aidat is a monthly maintenance fee in Turkish and it is governed by the law of condominiums. According to this law, only General Assembly of homeowners is to set the size of aidat. The board of the residential...
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Many people know that Turkey is an excellent destination for a beach holiday, with a network of hotels to suit every taste and budget. That is far from the country’s only advantage. Our experts have put together an article on some of the features of life in the Republic of Turkey, to give you a fuller picture of the country. Content: Nature...
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If you have a property in Turkey, in accordance with the Turkish tax legislation you must pay income tax from renting. The tax is paid in equal installments twice a year. Payment method: Bank or the Tax chamber. The minimum rental income, which is not taxed, is: For housing – 6,600 Turkish liras per year; For commercial properties – 49,000...
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